Forex: USD/JPY soars after NFP
Forex pairs in this Article »
USD/JPY
FXstreet.com (Córdoba) - The dollar soared against the yen after the US Labor Department reported the economy created 146,000 jobs in November, more than expected, while the unemployment rate fell to 7.7%, its lowest level since December 2008.
USDJPY jumped over 50 pips in a matter of minutes and retested its 7-month peak scored on Nov 22 at 82.82 right after the data. At time of writing, USDJPY is trading at the 82.75 zone, recording a 0.4% gain on the day.
According to Valeria Bednarik, chief analyst at FXstreet.com, if the pair manages to break above the 82.85 area, next resistances are seen at 83.00 and then at 83.35, on the other hand, supports could now be found at 82.00, 81.80 and 81.50.
USDJPY jumped over 50 pips in a matter of minutes and retested its 7-month peak scored on Nov 22 at 82.82 right after the data. At time of writing, USDJPY is trading at the 82.75 zone, recording a 0.4% gain on the day.
According to Valeria Bednarik, chief analyst at FXstreet.com, if the pair manages to break above the 82.85 area, next resistances are seen at 83.00 and then at 83.35, on the other hand, supports could now be found at 82.00, 81.80 and 81.50.
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